By Seth Row of Miller Nash LLP Published March 23, 2022 Construction contracts at all tiers usually include terms requiring certain types of insurance, and often contain related provisions about indemnity
In the case of acceleration, a contractor “speeds up his work so that he is performing the job at a faster rate than prescribed in the original contract.”[2] With delay, “there is a slowdown in work” and may be caused “by either party to the contract.”[3] Acceleration is also different from disruption, though disruption is a normal consequence of acceleration.[4] A. Elements For an acceleration effort to be compensable, the owner must, either directly or implicitly, order a contractor to speed up its efforts on the site in an attempt to complete the work in a period shorter than allowed by the contract.[5] B. Directed Acceleration Directed acceleration occurs when a contractor or owner exercises the “changes” or “change order” provisions of the contract to instruct, or direct, the performing party to complete all the work earlier than the original contract date
This 7-page document, developed by the Associated General Contractors of America, with input from NASBP and SFAA, provides owners, contractors, subcontractors, and other construction industry stakeholders with a basic understanding of the contract surety claims process
AGCofAm-ClaimsMay2014.pdf
What should you do if there is an arbitration provision in your contract but you want to file a mechanic’s lien to protect your payment rights?
This course provides a thorough orientation to the contract surety business.
The William J. Angell Surety School offers expert and comprehensive training for surety professionals with varying levels of knowledge and expertise
Having a comprehensive understanding of key construction contract provisions will lend itself to better and more efficient project development and construction
Experts in the surety and legal fields at the NASBP Annual Meeting on Tuesday examined the concept of a “promise” in relation to surety bonds and how a claims handler can best serve as a “promise keeper” in a variety of situations. The panel examined contract-surety claims scenarios ranging from “simple to highly complex,” said panel member Rick Levesque, a director with Hartford Bond
Bid guarantees The first little present that you might find in a solicitation/contract is FAR 52.228-1 . This clause removes a traditional, common law contract principle: a bid/offer can be withdrawn anytime before acceptance, thereby inhibiting the formation of a binding contract
Understanding the Differences between Performance and Payment Bonds and Project Completion Services Agreements is a two-page, easy-to-understand document that discusses the differences between contract bonds and a project completion services agreement
comparebnds_complsvcagrmnt.pdf